Gamco Investors INC. ET AL Has $10.57 Million Stock Holdings in Triumph Group, Inc. (NYSE:TGI)

Gamco Investors INC. ET AL increased its stake in Triumph Group, Inc. (NYSE:TGI - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 566,289 shares of the aerospace company's stock after buying an additional 12,233 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.73% of Triumph Group worth $10,567,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TGI. Sterling Capital Management LLC lifted its holdings in Triumph Group by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 2,091 shares during the last quarter. Capula Management Ltd bought a new stake in shares of Triumph Group during the 4th quarter worth about $297,000. Cornerstone Wealth Management LLC grew its stake in Triumph Group by 3.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company's stock valued at $298,000 after buying an additional 580 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Triumph Group in the 4th quarter valued at about $310,000. Finally, Jump Financial LLC acquired a new stake in Triumph Group during the fourth quarter worth approximately $430,000. 94.53% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total value of $886,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,696 shares in the company, valued at approximately $1,308,942.72. This represents a 40.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.31% of the stock is currently owned by corporate insiders.

Triumph Group Price Performance

NYSE:TGI traded up $0.06 during mid-day trading on Monday, reaching $24.76. The stock had a trading volume of 112,873 shares, compared to its average volume of 1,203,863. The stock has a 50-day simple moving average of $25.20 and a two-hundred day simple moving average of $20.50. Triumph Group, Inc. has a 12 month low of $11.01 and a 12 month high of $25.55. The stock has a market capitalization of $1.92 billion, a PE ratio of 3.44 and a beta of 2.13.

Triumph Group (NYSE:TGI - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. Equities analysts expect that Triumph Group, Inc. will post 0.68 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TGI. JPMorgan Chase & Co. raised Triumph Group from an "underweight" rating to a "neutral" rating and upped their target price for the company from $17.00 to $26.00 in a research report on Tuesday, April 15th. Baird R W cut Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. StockNews.com began coverage on shares of Triumph Group in a research report on Friday. They issued a "hold" rating for the company. Truist Financial raised their price target on shares of Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird reissued a "neutral" rating and issued a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. According to MarketBeat.com, Triumph Group currently has a consensus rating of "Hold" and a consensus target price of $20.63.

Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aircraft, aircraft components, accessories, subassemblies, and systems worldwide. It operates in two segments, Triumph Systems & Support, and Triumph Interiors. The company offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, control system valve bodies, landing gear actuation systems, electronic engine controls, landing gear components and assemblies, cyber protected process controllers, main engine gearbox assemblies, geared transmissions and drive train components, main fuel pumps, fuel-metering units, primary and secondary flight control systems, and vibration absorbers.